Multibagger Construction Company Secures Rs 3,70,75,600 Order from Caroa Properties LLP – Stock Rallies Around 4 Per cent
The company’s shares have delivered an impressive return of over 230 per cent in the past 1 year only.
This Small-Cap infra company has announced that it received a service order dated November 12, 2024, from its customer, Caroa Properties LLP. The order is valued at Rs 3,70,75,600 (including GST). As per the terms, the work is expected to be completed by December 31, 2025. The company confirms that neither the promoter group nor group companies have any interest in the entity that awarded this order.
Currently, the shares of RBM Infracon are trading at around Rs 798 per share and the current market capitalization stands at Rs 806.22 crore. Additionally, the shares have delivered an impressive multibagger return of around 230 per cent in the past 1 year only.
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As per the Quarterly Results, in the Q1 FY25, RBM Infracon recorded a revenue of Rs 38.85 crore compared to Rs 19.52 crore representing a gain of around 99 per cent YoY. It reported an operating profit of Rs 4.78 crore with an operating profit margin of around 12.30 per cent which was earlier a profit of Rs1.33 crore and a margin of around 6.81 per cent in the same quarter last year. The net profit stood at Rs 3.29 crore compared to Rs 0.94 crore.
Incorporated in 2013, RBM Infracon a small-cap company specializes in engineering, execution, testing, commissioning, and maintenance of mechanical and rotary equipment for industries including oil and gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants. The company provides civil and mechanical services to medium- to large-sized infrastructure firms, focusing on identifying suitable projects and typically securing contracts through one-on-one negotiations to procure various orders.
Disclaimer: The article is for informational purposes only and not investment advice.